UPDATE 1-Nanjing Automobile wins bid for UK's MG Rover

Newswire

(Adds detail) By Gerard Wynn and Michael Smith LONDON, July 22 (Reuters) - Chinese carmaker Nanjing Automobile won a bid to buy the assets of bankrupt British carmaker MG Rover on Friday, promising to employ up to 2,000 UK workers as it partly revives production of the iconic brand. Administrators PricewaterhouseCoopers said it chose Nanjing over a bid from rival Chinese carmaker Shanghai Automotive Corp. (SAIC) to buy the assets of MG Rover and its engine producer Powertrain. ...

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